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Stakeholders in Mine Project Development
WALTER CASQUINO, Professor, Peru
Indigenous community owners of surface lands are no longer passive participants of the mining businesses. At the contrary, nowadays they have become very active stakeholders with a veto right on the project development. Even more than central government official authorities.
Multinationals must consider a courting strategy to get around the rights and privileges of local communities. As a second stage a steady engagement of the relationship should be considered, and the final marriage is set during the production stage.
Of course, government officials should play the role of trust bonding toward consensus reaching. Corporations are wise to hire experienced local pundits to help them with identifying and monitoring appropriate short, medium and long term community expectations.
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More on Intrinsic Stakeholder Commitment | Normative Approach
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